Check Out What Whales Are Doing With XOM
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Exxon Mobil (NYSE:XOM) by a large investor or institution, as indicated by unusual options activity. The overall sentiment of these big-money traders is 75% bearish and 25% bullish. The whales have been targeting a price range from $100.0 to $110.0 for Exxon Mobil over the last 3 months. The price of XOM is currently up 2.32% at $106.58.
July 31, 2023 | 2:16 pm
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Exxon Mobil has seen significant bearish options activity, indicating a potential downward trend in the short term. The stock is currently up 2.32% at $106.58.
The bearish options activity indicates that large investors are expecting the price of Exxon Mobil to decrease. This could potentially lead to a downward trend in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100